Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - CARDTRONICS INC | h75386e8vk.htm |
| EX-1.1 - EX-1.1 - CARDTRONICS INC | h75386exv1w1.htm |
| EX-99.4 - EX-99.4 - CARDTRONICS INC | h75386exv99w4.htm |
| EX-99.3 - EX-99.3 - CARDTRONICS INC | h75386exv99w3.htm |
| EX-99.5 - EX-99.5 - CARDTRONICS INC | h75386exv99w5.htm |
| EX-99.1 - EX-99.1 - CARDTRONICS INC | h75386exv99w1.htm |
| EX-99.2 - EX-99.2 - CARDTRONICS INC | h75386exv99w2.htm |
Exhibit 12.1
CARDTRONICS, INC. AND SUBSIDIARIES
RATIOS OF EARNINGS TO FIXED CHARGES
(in thousands)
RATIOS OF EARNINGS TO FIXED CHARGES
(in thousands)
| Six Months Ended | ||||||||||||||||||||||||
| June 30, | Years ended December 31, | |||||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
EARNINGS: |
||||||||||||||||||||||||
Income (loss) before income taxes and cumulative effect of
accounting changes |
$ | 15,869 | $ | 10,016 | $ | (71,408 | ) | $ | (23,380 | ) | $ | (244 | ) | $ | (3,673 | ) | ||||||||
Fixed charges (as outlined below), less preferred dividends (a) |
16,823 | 34,624 | 35,614 | 33,079 | 26,914 | 20,202 | ||||||||||||||||||
Total earnings, as defined |
$ | 32,692 | $ | 44,640 | $ | (35,794 | ) | $ | 9,699 | $ | 26,670 | $ | 16,529 | |||||||||||
FIXED CHARGES: |
||||||||||||||||||||||||
Interest charges (b) |
$ | 15,904 | $ | 32,528 | $ | 33,197 | $ | 31,164 | $ | 25,072 | $ | 22,426 | ||||||||||||
Less: Write-off unamortized debt issuance costs (c) |
— | — | — | — | (534 | ) | (5,038 | ) | ||||||||||||||||
Interest component of vault cash costs |
— | — | — | — | — | — | ||||||||||||||||||
Interest component of rental expense |
919 | 2,096 | 2,417 | 1,915 | 2,376 | 2,814 | ||||||||||||||||||
Preferred dividends (d) |
— | — | — | — | — | 1,770 | ||||||||||||||||||
Total fixed charges, as defined |
$ | 16,823 | $ | 34,624 | $ | 35,614 | $ | 33,079 | $ | 26,914 | $ | 21,972 | ||||||||||||
Ratio of earnings to fixed charges |
1.94x | 1.29x | N/A | N/A | N/A | N/A | ||||||||||||||||||
Amount of earnings insufficient to cover fixed charges |
— | — | $ | 71,408 | $ | 23,380 | $ | 244 | $ | 5,443 | ||||||||||||||
| (a) | Excludes preferred dividends as such amounts were not deducted in arriving at the income (loss) before income tax amounts reflected above. | |
| (b) | Includes the amortization of debt discount and debt issuance costs. | |
| (c) | Amounts included in interest charges line item above. As such, it is backed out separately from the computation of fixed charges. | |
| (d) | Amounts have been grossed-up at the Company’s effective tax rate for each applicable period. |